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New Proposal Could Open Way for Clean Coal Power in U.S.

Contact: Doug Gavel

Phone: 617-495-1115

Date: July 27, 2004

CAMBRIDGE -- A new financing proposal from Harvard’s Kennedy School of Government could make clean coal technology commercially viable in the U.S. for the first time, potentially reviving the American coal industry, reducing U.S. dependence on foreign energy sources and improving prospects to reduce global warming. The plan would bring together the federal government, public utility commissions and investors in a "3-Party Covenant" to reduce financing costs for clean coal plants, making them competitive with traditional coal plants. The plan was developed by William Rosenberg, Belfer research fellow at the Kennedy School’s Belfer Center for Science and International Affairs and the Center for Business and Government, working with co-authors Dwight Alpern and Michael Walker who are experts in the field.
The full report (Volumes I and II) is available at:http://bcsia.ksg.harvard.edu/BCSIA_content/documents/IGCC%203Party%20Covenant%20Volume%201.pdf
andhttp://bcsia.ksg.harvard.edu/publication.cfm?program=ENRP&ctype=paper&item_id=461